EPRT CEO receives RSU dividend share adjustments

ESSENTIAL PROPERTIES REALTY TRUST, INC.

(Neutral)

Form Type

Rhea-AI Filing Summary

ESSENTIAL PROPERTIES REALTY TRUST, INC. President and CEO Peter M. Mavoides reported two acquisitions of common stock tied to existing performance-based RSU awards. He received 1,154 shares and 796 shares at $0.00 per share on April 14, 2026, reflecting dividend-equivalent adjustments.

The 1,154-share adjustment relates to performance-based RSUs granted in 2023 that are scheduled to vest on December 31, 2026. The 796-share adjustment relates to performance-based RSUs granted in 2022 that are scheduled to vest on January 5, 2027. These adjustments arise from quarterly dividends paid for the first quarter of 2026 under the award terms.

Insider Trade Summary

Grant/Award: 1,950 shares

Grant/Award 2 txns

Insider Mavoides Peter M.

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,154	$0.00	$0.00
Grant/Award	Common Stock	796	$0.00	$0.00

Holdings After Transaction: Common Stock — 339,451 shares (Direct)

Footnotes (2)

F1. Represents an adjustment to the shares subject to performance-based RSUs granted in 2023 which will vest on December 31, 2026 in connection with the payment of quarterly dividends to stockholders for the first quarter of 2026 pursuant to the terms and conditions of the underlying award agreement.
F2. Represents an adjustment to the shares subject to performance-based RSUs granted in 2022 which will vest on January 5, 2027 in connection with the payment of quarterly dividends to stockholders for the first quarter of 2026 pursuant to the terms and conditions of the underlying award agreement.

Key Figures

RSU dividend adjustment (2023 award): 1,154 shares RSU dividend adjustment (2022 award): 796 shares Shares held after transactions: 339,451 shares +1 more

4 metrics

RSU dividend adjustment (2023 award) 1,154 shares Performance-based RSUs granted 2023; vesting on December 31, 2026

RSU dividend adjustment (2022 award) 796 shares Performance-based RSUs granted 2022; vesting on January 5, 2027

Shares held after transactions 339,451 shares Direct EPRT common stock ownership after second adjustment

Grant price per share $0.00 per share Both RSU-related share adjustments on April 14, 2026

Key Terms

performance-based RSUs, quarterly dividends, vesting, award agreement

4 terms

performance-based RSUs financial

"Represents an adjustment to the shares subject to performance-based RSUs granted in 2023"

Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.

quarterly dividends financial

"in connection with the payment of quarterly dividends to stockholders for the first quarter of 2026"

vesting financial

"RSUs granted in 2023 which will vest on December 31, 2026"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

award agreement financial

"pursuant to the terms and conditions of the underlying award agreement"

An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did EPRT CEO Peter M. Mavoides report?

Peter M. Mavoides reported acquiring additional EPRT common shares via RSU adjustments. Two grants added 1,154 and 796 shares at no cost, linked to existing performance-based RSU awards and reflecting dividend-equivalent credits for first-quarter 2026 dividends.

Were the EPRT CEO’s reported transactions open-market stock purchases or sales?

The reported EPRT transactions were not open-market buys or sells. They are classified as grant or award acquisitions, representing share adjustments to existing performance-based RSUs driven by dividend-equivalent rights, with a reported price of $0.00 per share.

How many EPRT shares does the CEO hold after these RSU adjustments?

After the second RSU-related adjustment, Peter M. Mavoides is shown holding 339,451 EPRT common shares directly. This figure reflects his position following the 796-share grant, according to the reported post-transaction ownership on the Form 4.

What RSU award from 2023 was adjusted for the EPRT CEO?

A 2023 performance-based RSU award to the EPRT CEO was adjusted by 1,154 shares. These additional shares are scheduled to vest on December 31, 2026, tied to dividend-equivalent credits from first-quarter 2026 dividends under the award agreement.

What RSU award from 2022 was adjusted for the EPRT CEO?

A 2022 performance-based RSU award to the EPRT CEO was adjusted by 796 shares. These shares are scheduled to vest on January 5, 2027, reflecting dividend-equivalent adjustments related to EPRT’s first-quarter 2026 dividend payments to stockholders.

Why did EPRT adjust the CEO’s performance-based RSUs for first-quarter 2026?

The RSUs were adjusted because their terms credit additional shares when EPRT pays quarterly dividends. For first-quarter 2026, dividend-equivalent rights increased the shares subject to 2022 and 2023 performance-based RSU awards, resulting in the 1,154 and 796-share adjustments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/16/2026 - 04:45 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mavoides Peter M.

(Last)

(First)

(Middle)

5 VAUGHN DRIVE

SUITE 202

(Street)

PRINCETON

NEW JERSEY

08540

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ESSENTIAL PROPERTIES REALTY TRUST, INC. [ EPRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/14/2026		A⁽¹⁾		1,154	A	$0	338,655	D
Common Stock	04/14/2026		A⁽²⁾		796	A	$0	339,451	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents an adjustment to the shares subject to performance-based RSUs granted in 2023 which will vest on December 31, 2026 in connection with the payment of quarterly dividends to stockholders for the first quarter of 2026 pursuant to the terms and conditions of the underlying award agreement.

2. Represents an adjustment to the shares subject to performance-based RSUs granted in 2022 which will vest on January 5, 2027 in connection with the payment of quarterly dividends to stockholders for the first quarter of 2026 pursuant to the terms and conditions of the underlying award agreement.

Remarks:

Exhibit 24.1 - Power of Attorney (incorporated by reference to the Power of Attorney filed as Exhibit 24.1 to the Form 4 filed by the reporting person on November 4, 2021.)

	/s/ Timothy J. Earnshaw, attorney-in-fact	04/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

EPRT CEO receives RSU dividend share adjustments

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